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When to check in on the journey to home ownership<br />
The term of a mortgage can be anything from 25-35 years but most of us<br />
change our mortgage at least 3-4 times during that period.<br />
In the early stages of repayment we pay more interest than capital. It is<br />
there<strong>for</strong>e worth getting a home loan health check; not just when your<br />
current rate comes to an end, but also when you have a change in<br />
circumstances e.g. you inherit money, when you have increased<br />
disposable income or you simply have a lump sum to invest. Even<br />
without these events, at the age of 42 years we need to consider<br />
carefully how to use our income to maximise our chances of not only<br />
paying off our mortgage and owning our home, but also how we can<br />
maximise the most returns from the funds that we have at our disposal.
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